MLS Public Remarks Rare investment opportunity! Two meticulously maintained 4-unit apartment buildings boasting cash-flow positivity. Each unit features a spacious kitchen, cozy gas fireplace, central air, in-unit laundry, and a private one-car garage. In a sought-after neighborhood just outside city limits, apartments offer an easy commute to Madison and Janesville. Enjoy stable rental demand, low vacancy rates, and the potential for value appreciation. Don't miss your chance to secure steady returns and long-term growth with this prime investment property! Schedule a showing now!
Location Town
Other Marketing Area
Mailing City Brodhead
C/T/V Town
Unit #
Directions Cty Rd. E, East On Golf Course Rd., East On Cottage Rd., North On Pine St.
Number of Units 8
Year Built 1999
# Furnaces 8
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 8
# Water Softeners 1
# Stoves 8
# Refrigerators 8
# Dish Washers 8
# Washers 8
# Dryers 8
# Units w/AC 8
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 8
Number of 3+ Bedrooms 0
Total Income 0
Total Expenses 12959
Net Operating Inc 65041
Year
School District Brodhead
High School Brodhead
Middle Brodhead
Elementary Ronald R Albrecht
Land Assessment $27,800
Improvements $355,200
Total Assessment $383,000
Net Taxes $7,430
Assessment Year 2023
Tax Year 2023
Owner
Zoning Res
Subdivision
Name of Lake/River
Est. Total Acres 1.55
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Dishwasher, Eat-in kitchen, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer
Unit 2 Air conditioning, Dishwasher, Eat-in kitchen, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer
Unit 3 Air conditioning, Dishwasher, Eat-in kitchen, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer
Unit 4 Air conditioning, Dishwasher, Eat-in kitchen, Fireplace, In-unit laundry, Individual heat control, Range/oven, Refrigerator, Washer/dryer
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Landlord Pays |
| Unit |
Bedrooms |
Full Baths |
Half Baths |
Lease Expiration Date |
Month Rent |
Fin Sq.Ft |
Parking |
Elec |
Heat |
W/S |
| 1 |
2 |
1 |
0 |
04/30/2024 |
$0 |
820 |
1 Car Garage |
No |
No |
Yes |
| 2 |
2 |
1 |
0 |
11/30/2024 |
$0 |
820 |
1 Car Garage |
No |
No |
Yes |
| 3 |
2 |
1 |
0 |
07/31/2024 |
$0 |
820 |
1 Car Garage |
No |
No |
Yes |
| 4 |
2 |
1 |
0 |
01/31/2025 |
$0 |
820 |
1 Car Garage |
No |
No |
Yes |
Items Included 8 stoves, 8 refrigerators, 8 dishwashers, 8 washers, 8 dryers, 1 water softener
Items Excluded Tenants and Seller's personal property
Energy Efficient/Green Features
Water/Waste Non-Municipal/Prvt dispos, Well
Basement None
Type 2 story, Apartment building
Parking per Unit 1 Car garage, Opener inc
Barrier-free Features First floor bedroom, First floor full bath, Level drive, Level lot
Exterior Brick, Vinyl
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit
Legal Documents Lease(s) on file
Miscellaneous Water Softener Owned
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Exit Professional Real Estate
